Kuwait Direct Investment Promotion Authority
Kuwait Direct Investment Promotion Authority (KDIPA) is a government agency established by the State of Kuwait for facilitating foreign direct investment into the country.{{Cite news |title=Kuwaiti economy needs foreign investment to diversify {{!}} Financial Times |url=https://www.ft.com/content/960fc4c8-67fd-11e8-aee1-39f3459514fd |access-date=2023-08-23 |website=Financial Times|date=11 September 2018 |last1=Fingar |first1=Courtney }}{{Cite web |date=2022-04-20 |title=Amir meets Director-General of Kuwait Direct Investment Promotion Authority |url=https://thepeninsulaqatar.com/article/20/04/2022/amir-meets-director-general-of-kuwait-direct-investment-promotion-authority |access-date=2023-08-23 |website=The Peninsula Qatar |language=en}}{{Cite web |date=2023-05-20 |title=Google Cloud office established in Kuwait after approved by the Kuwait Direct Investment Promotion Authority |url=https://www.kuwaittimes.com/google-cloud-office-established-in-kuwait/ |access-date=2023-08-23 |website=Kuwait Times |language=en-US}}{{Cite web |date=2022-11-14 |title=KDIPA reports new direct investments KD 106.1 mn - ARAB TIMES - KUWAIT NEWS |url=https://www.arabtimesonline.com/news/kdipa-reports-new-direct-investments-kd-106-1-mn/ |access-date=2023-08-23 |website=Arab Times |language=en-US}}
History and operations
Kuwait Direct Investment Promotion Authority (KDIPA) was established in 2013. It is a governmental organization that advances economic diversification, growth, and Kuwait's global competitiveness. It was established in alignment with Kuwait's goal of diminishing its dependence on oil-generated revenues and broadening its economic base. The agency's objective is to streamline the investment process, simplify regulatory protocols, and deliver comprehensive support to foreign investors.{{Cite web |date=2023-08-22 |title=Kuwait reveals $3.2bn direct investment over four-year period |url=https://www.arabianbusiness.com/gcc/kuwait/436519-kuwait-reveals-32bn-direct-investment-over-four-year-period |website=ArabianBusiness}}{{Cite web |last=Bhat |first=Divsha |date=2023-01-09 |title=Kuwait selects Google Cloud for nationwide digital transformation |url=https://gulfbusiness.com/kuwait-selects-google-cloud/ |access-date=2023-08-23 |website=Gulf Business |language=en-US}} KDIPA functions as a unified resource for foreign investors, extending aid throughout the investment lifecycle, commencing from initial inquiries to project realization.{{Cite web |title=GE & KDIPA Driving Kuwait's Energy Transition |url=https://www.ge.com/gas-power/resources/articles/2021/ge-kuwait-technology-center-and-kdipa |access-date=2023-08-08 |website=gepower-v2 |language=en}}{{Cite web |title=Kuwait |url=https://www.state.gov/reports/2019-investment-climate-statements/kuwait/ |access-date=2023-08-08 |website=United States Department of State |language=en-US}}{{Cite web |last=PricewaterhouseCoopers |title=Kuwait: Kuwait Direct Investment Promotion Authority ("KDIPA") supporting investors through the COVID-19 pandemic |url=https://www.pwc.com/m1/en/services/tax/me-tax-legal-news/2020/kuwait-direct-investment-promotion-authority-kdipa-supporting-investors-through-covid-19-pandemic.html |access-date=2023-08-08 |website=PwC}}{{Cite web |date=2023-01-08 |title=How economic zones to boost trade in Kuwait - Kuwait 2022 - Oxford Business Group |url=https://oxfordbusinessgroup.com/reports/kuwait/2022-report/trade-investment/pioneering-zones-the-authorities-seek-to-attract-investment-and-support-trade-by-establishing-several-economic-zones/ |access-date=2023-08-22 |language=en-US}}{{Cite web |title=FAO.org |url=https://www.fao.org/faolex/results/details/ar/c/LEX-FAOC201923/ |access-date=2023-08-22 |website=www.fao.org}}
References
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